Based on the forecasted data, the import value of mounted precious or semi-precious stones to South Africa shows a steady decline from 2024 onwards. Starting at 10.399 million USD in 2024, the value is projected to decrease each subsequent year, reaching 6.621 million USD by 2028. Comparing year-on-year percentage variations, the expected decline rates are approximately: 9.35% from 2024 to 2025, 10.12% from 2025 to 2026, 11.05% from 2026 to 2027, and 12.13% from 2027 to 2028. The compound annual growth rate (CAGR) over this five-year period averages around -10.24% annually.
Future trends to watch for include potential market recovery and demand shifts influenced by international trade policies, currency fluctuations, and changes in consumer preferences. Additionally, the introduction of new technology in gem cutting and mounting, as well as increased competition from synthetic stones, could further impact import volumes and values.
